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166

Young men are struggling in a slowing job market, even if they have college degrees (www.nbcnews.com)

submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

32 comments fedilink hide all child comments

Men ages 23 to 30 are discovering that a bachelor's degree doesn't offer the same protection from unemployment that it used to.

Amid a wider slowdown in hiring, the unemployment rate for men ages 23 to 30 with bachelor’s degrees has jumped in recent months to 6% — compared with 3.5% for young women with the same level of education, according to data analyzed by NBC News.

Now, young men with bachelor’s degrees are slightly likelier to be unemployed than young men with just high school diplomas, the analysis found. That’s a recent reversal after decades when young men with bachelor’s degrees had an advantage in the labor market, economists said.

Young women haven’t experienced the same trend; they are still significantly likelier to be employed if they have bachelor’s degrees.

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[–] gAlienLifeform@lemmy.world 3 points 1 year ago (1 children)

Also, under most measures of unemployment, people who aren't looking for work don't count as unemployed, and with the sexism of our society I bet the average researcher would be a bit more willing to just assume a woman wasn't looking for work and that women on average have more opportunities to be stay at home partners. I'm not saying that's the case everywhere, I'm sure there are tons of individual exceptions to it, but I think on the macro level women are probably slightly more prone to dropping out of the labor market in 2025 than men are, at least enough to account for some of this difference.

[–] givesomefucks@lemmy.world 4 points 1 year ago

I think it's more that men tend to pick the highest paying career. And those high paid positions don't keep appearing. Eventually the pace of people getting into the field minus the people retiring is going to surpass the total amount of jobs.

I've always wanted a government jobs report that tries to predict future needs in each industry to guide these teenagers who are expected to pick and commit to a career.

Without any guidance, guys pick the same handful of careers that earn the most, and by the time they graduate there's just literally no open jobs in that field they choose almost half a decade ago.

Women are less likely to value money first, so they're going into fields that remain relatively steady, and that keeps everyone spread out relatively equally.

Like sure, there's guidance counselors, but most of them suck. Especially for public schools.